Facebook’s parent company Meta is exploring the potential of digital money referred to internally as “Zuck Bucks” in a play on the founder’s name, the Financial Times reported Wednesday.
However, founder and chief Mark Zuckerberg has spoken about the importance of e-commerce and financial tools to his vision for an immersive online world called the metaverse.
“We continuously consider new product innovations for people, businesses, and creators,” a Meta spokesperson said in response to an AFP inquiry.
“As a company, we are focused on building for the metaverse and that includes what payments and financial services might look like.”
The spokesperson would not comment on specific innovations being pursued.
Products being considered at Meta include digital tokens similar to those used for transactions in video games, with the internet company’s version nicknamed “Zuck Bucks” by those working on it, according to the Financial Times.
Meta is looking to diversify its revenue beyond a reliance on targeted advertising that has provoked concerns about invading users’ privacy.